Pimco to manage commercial paper funding facility -Fed

NEW YORK, Oct 14 (Reuters) - U.S. bond fund management company Pacific Investment Management Co. or Pimco will serve as asset manager for the Federal Reserve's Commercial Paper Funding Facility, the Federal Reserve said on Tuesday.

State Street Bank and Trust Co. (STT.N) will serve as custodian for the facility, the Fed said. (Reporting by Jennifer Ablan and John Parry; Editing by Theodore d'Afflisio)